Neste Oyj Valuation
Is NESTE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of NESTE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NESTE (€25.72) is trading below our estimate of fair value (€54.2)
Significantly Below Fair Value: NESTE is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NESTE?
Other financial metrics that can be useful for relative valuation.
| What is NESTE's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | €19.76b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1x |
| Enterprise Value/EBITDA | 9.7x |
| PEG Ratio | 1.2x |
Price to Earnings Ratio vs Peers
How does NESTE's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 12x | ||
6505 Formosa Petrochemical | 30.2x | 23.7% | NT$669.7b |
IOC Indian Oil | 4.9x | -30.6% | ₹2.3t |
BPCL Bharat Petroleum | 4.4x | -40.2% | ₹1.3t |
5020 ENEOS Holdings | 8.5x | 2.4% | JP¥2.2t |
NESTE Neste Oyj | 13.8x | 11.7% | €19.8b |
Price-To-Earnings vs Peers: NESTE is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (12x).
Price to Earnings Ratio vs Industry
How does NESTE's PE Ratio compare vs other companies in the European Oil and Gas Industry?
Price-To-Earnings vs Industry: NESTE is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the European Oil and Gas industry average (6.9x).
Price to Earnings Ratio vs Fair Ratio
What is NESTE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 13.8x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NESTE's Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | €25.72 | €36.11 +40.4% | 18.3% | €49.00 | €26.00 | n/a | 21 |
| Apr ’25 | €25.10 | €37.35 +48.8% | 19.2% | €49.00 | €26.00 | n/a | 21 |
| Mar ’25 | €25.43 | €38.20 +50.2% | 16.4% | €49.00 | €28.00 | n/a | 20 |
| Feb ’25 | €32.16 | €43.83 +36.3% | 15.9% | €59.00 | €30.00 | n/a | 21 |
| Jan ’25 | €32.21 | €44.27 +37.4% | 16.2% | €59.00 | €30.00 | n/a | 20 |
| Dec ’24 | €35.14 | €44.32 +26.1% | 15.7% | €59.00 | €30.00 | n/a | 20 |
| Nov ’24 | €31.41 | €44.87 +42.9% | 16.4% | €59.00 | €30.00 | n/a | 20 |
| Oct ’24 | €32.13 | €46.77 +45.6% | 16.2% | €59.00 | €30.00 | n/a | 20 |
| Sep ’24 | €34.07 | €47.12 +38.3% | 16.8% | €59.00 | €30.00 | n/a | 20 |
| Aug ’24 | €33.24 | €47.57 +43.1% | 16.6% | €59.00 | €30.00 | n/a | 20 |
| Jul ’24 | €35.26 | €50.47 +43.1% | 16.8% | €65.00 | €30.00 | n/a | 20 |
| Jun ’24 | €36.52 | €50.73 +38.9% | 15.8% | €65.00 | €30.00 | n/a | 21 |
| May ’24 | €43.94 | €52.87 +20.3% | 12.9% | €65.00 | €39.00 | n/a | 20 |
| Apr ’24 | €45.43 | €52.83 +16.3% | 13.0% | €65.00 | €39.00 | €25.10 | 21 |
| Mar ’24 | €45.47 | €52.69 +15.9% | 12.5% | €65.00 | €39.00 | €25.43 | 21 |
| Feb ’24 | €43.15 | €52.05 +20.6% | 12.8% | €65.00 | €41.00 | €32.16 | 21 |
| Jan ’24 | €43.02 | €52.65 +22.4% | 12.2% | €65.00 | €42.00 | €32.21 | 20 |
| Dec ’23 | €48.16 | €52.70 +9.4% | 12.0% | €65.00 | €42.00 | €35.14 | 20 |
| Nov ’23 | €44.64 | €52.65 +17.9% | 12.0% | €65.00 | €42.00 | €31.41 | 20 |
| Oct ’23 | €44.80 | €53.25 +18.9% | 11.7% | €65.00 | €42.00 | €32.13 | 20 |
| Sep ’23 | €47.82 | €53.20 +11.3% | 11.8% | €65.00 | €42.00 | €34.07 | 20 |
| Aug ’23 | €50.06 | €52.63 +5.1% | 11.6% | €65.00 | €42.00 | €33.24 | 19 |
| Jul ’23 | €42.72 | €50.11 +17.3% | 13.1% | €65.00 | €37.00 | €35.26 | 19 |
| Jun ’23 | €42.89 | €50.38 +17.5% | 15.4% | €65.00 | €37.00 | €36.52 | 20 |
| May ’23 | €41.20 | €49.98 +21.3% | 15.4% | €65.00 | €37.00 | €43.94 | 20 |
| Apr ’23 | €42.47 | €49.93 +17.6% | 18.4% | €75.00 | €37.00 | €45.43 | 20 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.